HomeHome and Contents Insurance. Floods and global warming threaten your home insurance. Page 2
In the meantime, those in areas
- Home and Contents Insurance. Keep your home in shape for insurance's sake
- Your claim on home and contents insurance could be rejected if your insurer thinks it's a maintenance issue – this article tells you what to do to keep your home in shape.
- Home Insurance Premium Protection In Case Mishap Takes A Rain Check
- A good insight into Home Insurance Policies
- Tips On How To Arrange Cheaper Home Contents And Buildings Insurance
- Some sure fire ways of reducing the cost of home insurance.
- Why You Need House Insurance
- A basic introduction to Home and Content Insurance
- Home Insurance. Flood Alert
- Houses in high flood risk areas could be uninsurable. That's bad news for owners as its value could drop by 80%. This article provides the background.
- Landlords Insurance
- A must read for landlords !
However, there was never a definition as to what exactly "reasonable" would be and as a result, premiums increased between 60 and 400 per cent and in some cases, cover had been withdrawn completely.
Environmentalists now warn that if DEFRA doesn't act soon, the UK's yearly bill ( secured loans ) for flood damage could rise from £950 million to £3.2 billion. Currently, the average insurance claim for flood damage is £30 000 - even higher than claims for fire damage.
The ABI has recently added to the mounting pressure on DEFRA to accelerate the building and upgrading of flood defences. It has warned that unless the government ( life insurance quotes ) increases it spending on the defences, the insurance industry may not continue their commitment to the 2003 principles - which would indeed see the property market dive.
To find out if your home or proposed home is in a flood risk area, visit ( mortgage quotes ) DEFRAs website at www.environment-agency.gov.uk where you can use their on line maps to assess your area for possible flood damage.